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brilliants [131]
3 years ago
11

If your income is ​$5353 a​ month, the price of pizza is​ $5 and the price of a video is​ $4, how many pizzas will you buy and h

ow many videos will you rent each​ month?

Business
1 answer:
musickatia [10]3 years ago
4 0

Answer:

We can rent 1,070.6  videos or purchase 1,338.25 pizzas or any combination between the budget line attached

Explanation:

We have to divide our income for the cost of each item and them draw the budget line

$5,353 / 5 = 1,070.6

$5,353 / 4 = 1,338.25

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Over the past several decades: A. international investment has become more one-sided, consisting almost entirely of foreign dire
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International investment has become more one-sided, consisting almost entirely of foreign direct investment.

Explanation:

This is because now internationally opportunities are being seized to have a better return on investment , to invest where opportunity cost is better and scope of foreign direct investment includes purchase of assets and shares.

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3 years ago
The law of diminishing marginal utility states that the: Multiple choice question. marginal utility associated with the consumpt
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The law of diminishing marginal utility states that as more units of a good are consumed, the marginal utility from the consumption of the next unit becomes lesser. John's total utility from the consumption of two ice creams is 10, and his total utility from the consumption of three ice creams is 9.7.

<h3>What does the law of diminishing marginal utility State?</h3>
  • According to the law of declining marginal utility, when consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal.
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<h3>Which law does the law of diminishing marginal utility affect?</h3>
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<h3>What is law of diminishing marginal returns?</h3>
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7 0
2 years ago
For each scenario, decide whether it creates a producer or a consumer surplus. Then, calculate the ensuing surplus.
Gnom [1K]

Answer:

Alice's consumer surplus =  $5

Jeff's consumer surplus = $16

Nicole's producer surplus = $1

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of a good.

Consumer surplus = willingness to pay - price of the good

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Alice's consumer surplus = $30 - ($35 - $10) = $5

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Nicole's producer surplus = $501 - $500 = $1

5 0
3 years ago
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